Polaris Capital Management LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 95,965 shares of the company’s stock, valued at approximately $2,543,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Tyson Foods by 3.7% in the second quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after purchasing an additional 900,009 shares during the period. BlackRock Inc. grew its holdings in shares of Tyson Foods by 0.7% in the second quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock valued at $1,201,973,000 after purchasing an additional 136,071 shares during the period. State Street Corp grew its holdings in shares of Tyson Foods by 0.9% in the first quarter. State Street Corp now owns 14,004,153 shares of the company’s stock valued at $864,191,000 after purchasing an additional 120,056 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Tyson Foods by 5.7% in the second quarter. Ameriprise Financial Inc. now owns 7,843,052 shares of the company’s stock valued at $491,179,000 after purchasing an additional 423,836 shares during the period. Finally, LSV Asset Management grew its holdings in shares of Tyson Foods by 3.3% in the second quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock valued at $336,508,000 after purchasing an additional 171,600 shares during the period. Institutional investors and hedge funds own 71.89% of the company’s stock.
In other news, Director Mikel A. Durham purchased 2,809 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of $65.77 per share, with a total value of $184,747.93. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.
TSN has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 28th. J P Morgan Chase & Co increased their target price on shares of Tyson Foods from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, June 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research note on Thursday, June 15th. Credit Suisse Group started coverage on shares of Tyson Foods in a research note on Wednesday, July 19th. They set a “neutral” rating and a $65.00 target price for the company. Finally, BidaskClub raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Tyson Foods presently has a consensus rating of “Buy” and a consensus target price of $72.96.
Shares of Tyson Foods, Inc. (NYSE TSN) traded down 0.23% during mid-day trading on Friday, reaching $70.64. 254,824 shares of the company traded hands. The firm’s 50 day moving average price is $66.66 and its 200-day moving average price is $63.10. The company has a market capitalization of $25.92 billion, a P/E ratio of 14.89 and a beta of 0.28. Tyson Foods, Inc. has a 52-week low of $55.72 and a 52-week high of $72.88.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. The company had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. Equities analysts predict that Tyson Foods, Inc. will post $5.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is currently 18.95%.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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